PHINIA Finds an All-Time High

Riley Rosebee Trends with No Friends

1 year ago

3 MIN READ

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Happy Monday.

For those just joining us, here’s an overview…

We launched this publication to help investors sift through the noise and discover stocks with high relative strength and a low social following.

Why is relative strength relevant?

Markets trend. Stocks that have outperformed are likely to continue their outperformance.

Why is a low social following important?

Peter Lynch once shared, “If you find a stock with little or no institutional ownership, you’ve found a potential winner. Find a company that no analyst has ever visited, or that no analyst would admit to knowing about, and you’ve got a double winner.”

Lynch invested in an era where Wall Street analysts were prevalent. Today, as the Wall Street analyst industry dissolves, identifying stocks with a low social following indicates a stock is dismissed // uncovered by investors.

Stocks that display both high relative strength and a low social following may be ripe to rip.

Onward…

The Nasdaq Composite inched +0.11%. The Russell 2000 tumbled -1.02%.

Communications and energy surged ~+0.75%. Real estate retreated -1.75%. Consumer staples and healthcare lost more than -0.80%.

New 52-Week Highs led New Lows — 173 vs. 9.

The Best of the Best

PHINIA ($PHIN) is the best of the best. The new issue after-market auto parts provider accelerated +2.97% and closed at an all-time high.

Here’s the daily chart.

$PHIN has 53 followers on Stocktwits.

NexGen Energy ($NXE) is a notable new high. The uranium company carried +8.49% and closed at an all-time high.

Here’s the daily chart.

And monster monthly chart.

$NXE has 3,300 followers on Stocktwits.

Beacon Roofing Supply ($BECN) is a notable new high. The roofing material distributor dashed +2.25% and closed at an all-time high.

Here’s the daily chart.

And monster monthly chart.

$BECN has 607 followers on Stocktwits.

The Worst of the Worst

GameStop ($GME) is the worst of the worst. The memestock stumbled -4.23% and closed at its lowest price since November 27th. Last Tuesday, the company reported Q4 earnings. The stock is down -22% since.

Here’s the daily chart.